ADVANCE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ADVANCE A/S
ADVANCE A/S (CVR number: 25763858) is a company from KØBENHAVN. The company reported a net sales of 79.8 mDKK in 2024, demonstrating a decline of -7.6 % compared to the previous year. The operating profit percentage was at 7.4 % (EBIT: 5.9 mDKK), while net earnings were 4670.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.5 %, which can be considered excellent and Return on Equity (ROE) was 36.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 50.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. ADVANCE A/S's liquidity measured by quick ratio was 2.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 69.42 | 73.22 | 82.39 | 86.31 | 79.79 |
Gross profit | 37.52 | 51.14 | 49.37 | 57.31 | 49.49 |
EBIT | 0.04 | 10.01 | 7.28 | 13.41 | 5.92 |
Net earnings | 0.04 | 8.12 | 5.83 | 10.77 | 4.67 |
Shareholders equity total | 7.04 | 13.12 | 10.83 | 15.77 | 9.67 |
Balance sheet total (assets) | 24.45 | 37.05 | 26.28 | 38.24 | 21.08 |
Net debt | -1.34 | -7.17 | 1.71 | ||
Profitability | |||||
EBIT-% | 0.1 % | 13.7 % | 8.8 % | 15.5 % | 7.4 % |
ROA | 0.1 % | 32.6 % | 23.0 % | 42.7 % | 20.5 % |
ROE | 0.3 % | 80.5 % | 48.7 % | 81.0 % | 36.7 % |
ROI | 0.2 % | 32.6 % | 23.0 % | 65.1 % | 43.0 % |
Economic value added (EVA) | -0.38 | 9.66 | 6.62 | 9.96 | 4.19 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 97.1 % | 55.6 % | 50.5 % |
Gearing | 0.0 % | 24.3 % | |||
Relative net indebtedness % | -1.6 % | 17.4 % | 13.4 % | ||
Liquidity | |||||
Quick ratio | 3.5 | 2.1 | |||
Current ratio | 1.7 | 1.7 | |||
Cash and cash equivalents | 1.34 | 7.18 | 0.64 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 83.1 | 58.2 | |||
Net working capital % | 1.6 % | 16.7 % | 8.3 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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